Market outlook for 03/02/2016

Nifty closed down 100.40 points (1.33%) at 7455.55 while Future closed at 7474.95, premium of 19.40 points.
Bank Nifty closed down 246.45 points (1.61%) at 15068.00 while Future closed at 15112.05, premium of 44.05 points.

• FII sold in Cash (Net sell 113.98 Crore)
• FII sold in index future, index option and in stock future (Net sell 1160.41 Crore)
• DII sold in Cash (Net sell 323.23 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 385:1175.
• McClellan's oscillator for NSE at -03.

NIFTY TECHNICAL

Current Spot: 7455.55
Pivot: 7487
5DEMA: 7482
10DEMA: 7475
20DEMA: 7522
50DEMA: 7660
Parabolic SAR: 7291
RSI (14 days): 43.35
Supports: 7397 - 7338 - 7249
Resistance: 7545 - 7635 - 7693

Nifty Future VWAP: 7532.88
Nifty Future VIX Range: 7384 - 7540
MP Values Nifty Future: VAH - 7567, POC - 7522, VAL - 7477

BANKNIFTY TECHNICAL

Current Spot: 15068.00
Pivot: 15183
5DEMA: 15293
10DEMA: 15384
20DEMA: 15626
50DEMA: 16168
Parabolic SAR: 14941
RSI (14 days): 34.88
Supports: 14903 - 14739 - 14459
Resistance: 15348 - 15628 - 15793

Bank Nifty Future VWAP: 15304.61
Bank Nifty Future VIX Range: 14872 - 15284
MP Values Bank Nifty Future: VAH - 15455, POC - 15348, VAL - 15241

Thanks and Regards

MarketPulse S&P